Crypto Market Sheds $571 Billion in Ten Days
Digital asset losses deepened as the broader crypto market shed $571 billion over a ten-day period following a sharp selloff.
The cryptocurrency market shed $571 billion in ten days as losses deepened across major digital assets, according to TheDefiant. Bitcoin and ether experienced rebounds following a sharp drop, but matched 24-hour windows indicate that the selloff accelerated after breaking below $72,000 on November 12.
Market Selloff Accelerates
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The steep contraction marks a significant shift in market sentiment over a short operational window. While leading tokens attempted recoveries, the overall magnitude of the drawdown underscored persistent selling pressure across centralized and decentralized venues.
Key facts
- The crypto market shed $571 billion over a ten-day period according to TheDefiant.
- The accelerated selloff followed the November 12 break below $72,000.
- Bitcoin and ether both rebounded following the sharp drop.
Source: thedefiant.io
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